Topic: Etherium.org launch to make Bitcoin price go UP? (Read 3926 times)

alt coins that may have a chance to become a possible contender to Bitcoin would be a new alt that is actually much better than Bitcoin

Ethereum is just a blank whiteboard where anything can be created, it's not in competition with any other coin, but it will free the cryptospace from its current limitations. Strange how people cant see this and even see it as a threat, when its the opposite to everyone free from greed. Well that's my opinion.

 I don't still understand all the ethereum concept, this is a part of the white paper :

"The intent of Ethereum is to create an alternative protocol for building decentralized applications, providing a different set of tradeoffs that we believe will be very useful for a large class of decentralized applications"   and     "Ethereum does this by building what is essentially the ultimate abstract foundational layer: a blockchain with a built-in Turing-complete programming language". [1]

So at the end , will ethereum work on the bitcoin blockchain ? 

I have also find this definition "Ethereum includes a digital currency called ether. Ether has a lot in common with the famous digital currency Bitcoin". [2]

Can an ethereum fan explain what is that insane thing (that will compete with bitcoin)?

[1] https://github.com/ethereum/wiki/wiki/White-Paper#ethereum
[2]http://etherscripter.com/what_is_ethereum.html

I think all these decentralization projects will succeed. Everyone being pioneers in centralization will be a success. Just like everyone being pioneers in Virtual Reality headsets will for sure be a success (Oculus, HTC Vibe, Sony Prometheus, all of them will sell well regardless fanboy wars).

In smart contracts the currency will be bitcoins, so this way, if there come spectaculars new applications on the Ethereum platform, then bitcoin will be used more widely.

It's an interesting experiment and technology, but I don't think that they really have any influence on the Bitcoin price at all. If anything, they're selling their investment-coins on the open market, which may push the price down a bit.

This arrived quickly! Thanks for putting it back on my radar

I'm really curious to see what would happen in the long run.

I think Aethereum will succeed if it isn't able to be incorporated into or on top of Bitcoin/Counterparty. So one way or another we will get smart contracts, DAOs, etc. The question I'm contending is whether the economic model the Ethereum team is operating under will pan out for investors, and whether it will be the fastest way to success. I think if they started out with Aethereum and had no IPO there would be a lot more interest in the project and it would be a lot farther along by now.

If Ethereum succeeds, in the short term it will help Ethereum. In the long term the features will be inserted into Bitcoin either directly or on top on it, which Counterparty has already done. So yes, Ethereum success may help Bitcoin, but its is a long time away.

O have to say I was very skeptical about Ethereum since the beginning. I was presented the Etherieum project personally by Jonathan, the spokesperson for Etherium. But it took me some time to understand the concept, and I never got answers to many of my questions of the Ethereum project. But one thing he/they did for me, was to understand the CyperPunk idea of "smart-contracts" and "new law systems", not that they made these ideas??? Anyway, the ideas are brilliant and I guess there is an satoshi outthere building it right now??? The 10000 million dollar question is, what is the name of that implementation???

I have my doubt if Ethereum will succeed, as I think its an strange model to fund the project on donations. I saw the main programmer of Ethereum saying in an interview that he doubt if Cryptocurrencies will have an real role in the world WHAT?? How can he doubt this, if he build an decentralized "alt-ledger" Maybe it was not his words??

I believe the idea of smart-contracts, but I am very sceptical that Ethereum will implement this for real and majority?

In other words, you don't believe Ethereum will succeed?

And if Ethereum will not succeed in maing the decentralized smart-contracts of the world, then what is need to do so?

Ripple had the same idea: "XRP are not an altcoin, they are just a worthless spam prevention token!" This was in reality just a ploy to make money off the coins, and it worked: http://coinmarketcap.com/ It was obvious that this was their plan all along, because they contridictorily retained XRP by the reasoning that is was to "fund the devs." Well it can't be both worthless and be used to fund development.

With Ethereum it's the same story: "ETH is not money!" But, "We issue ETH by IPO to fund the devs." It's basically the Ripple model. It can't be both "not money" and "IPO-worthy," but Ethereum was sneaky enough to put in their contract that they make no promises of delivering an actual product, so the "IPO" was more like a donation drive where people had dollar-signs in their eyes because of roundabout implications despite the official denial.

Etherium is an altcoin (alt-ledger). Aetherium is an alt-protocol for updating the Bitcoin ledger, so it's a spin-off, not really an altcoin in the traditional sense.

The economic majority is in the Bitcoin ledger. Alternative systems want to use alternative ledgers because that could make the founders rich, but their systems are only likely to succeed if they use the Bitcoin ledger. So there is a gigantic trade-off for all altcoin founders to consider:

• 1) Create an alt-ledger and try to get rich without the benefit of Bitcoin's network effect
• 2) Distribute the coin based on Bitcoin's ledger to give the coin the best chance for long-term success

So far every altcoin founder has opted for (1), and their altcoins have all failed to gain any serious traction.

But even if any altcoin did gain serious traction, there is the spin-off maneuver to swoop in and take away your early-adopter/founder gains. Still, many cling to the hope that they can make a quick buck before reality sets in. I see it as a lack of confidence in their product.

If you are the dev or founder of the first altcoin to gain traction in the cryptocurrency space, you'll be a legend and should have no trouble making money in the future. So leverage the economic majority ledger (a.k.a. Bitcoin)!

Thank you for sharing.

It already exists another project based on orisi that "works" (it is still in beta) on the bitcoin blockchain, it is called "oraclize" , here some slide https://www.oraclize.it/static/wcap_11_02_2015/   Here the official thread (in italian) : https://bitcointalksearch.org/topic/oraclizeit-smart-contracts-today-958619

Ethereum is an platform for decentralized applications.

It means that its an new blockchain for Decentralized applications. Its not an ALTCOIN. There is an "coin" called Ether, that is the cyberfuel that is used to activate an application on the Ethereum network.

The main benefit of Ethereum:

- Removal of third party trust in applications

Actually the Ethereum platform, include a new programming language, that makes it possible to make "contracts" on the Ethereum blockchain. This means its kind of the Crypto-worlds answer to law-systems, with enforcement! As long as its something that can be enforced digically, like money contract that includes Bitcoins.

So forinstance one could make an decentraliced financial marked or casino or something like that, and make the contract on an Blockchain, enfording the results based on mathematics or what ever!

This is just some of what Ethereum can do, I recommend that you read more on Ethereum.org and maybe see the videos.

I believe (if Ethereum will be used widely) that it will transform the economics and computerapplications of human interaction. Its very obviously to build these new decentralized applications in combination of Etherium and Bitcoin, so that's why I think it Etherium can have a huge effect on the Bitcoin use and price. But it meight take time till this information hits the Bitcoin marked, as not many people think about Ethereum at the moment, all thought Ethereum could be just as revolutionary as Bitcoin itself!!!

Happy studying!!

Ethereum will do smart contracts and ideally needs faster block times than Bitcoin has to make them work quickly enough. Counterparty uses the Bitcoin blockchain and is already using the Ethereum code so people can use it for smart contracts. Although Ethereum says Counterparty isn't fast enough for smart contracts.

https://www.cryptocoinsnews.com/counterparty-recreates-ethereum-bitcoin/

I don't still "understand" at 100% what ethereum will do , but I think it will work on the bitcoin blockchain or am I wrong You are right, they could use that money to a real bitcoin project but as all we know they want only to make profit and I hope it will not turn in a pump & dump as all the other shitcoin aka altcoin.

Enough about Etherium boosting bitcoin prices because it is not going to happen. Etherium collected 31000btc and what is going to happen to them? Sold at exchanges and drive the price down.